Union Bank of India - LT FCR Raised and Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) of Union Bank of India (UBI) to 'BB+' from 'BB', the Bank Standalone Rating (BSR) to 'bb-' from 'b+' and the Core Financial Strength (CFS) to 'b+' from 'b'.  The Outlook for the LT FCR has been revised to Stable from Negative. At the same time, CI Ratings has affirmed UBI's Short-Term Foreign Currency Rating (ST FCR) at 'B' and Extraordinary Support Level (ESL) of High.  The BSR Outlook remains Stable.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (India, Union Bank of India)
  Purchase Available - View price list